FINANCING (January 20, 1992)
Tenango Explorations Inc – 800,000 shs offered @ $1.25 per sh.
1992
More drilling at Douay project
An $850,000 drilling campaign to test the ground between two known auriferous deposits on the Douay property in Quebec’s Casa Berardi region is under way by joint venture partners Inco (TSE) and Socie…
South of Lupin gold mine — Diamond play gains momentum
An area greater than the size of Prince Edward Island has been set aside for diamond exploration in the Northwest Territories since BHP-Utah Mines and Dia Met Minerals (VSE) discovered a diamondiferou…
Barrick, Newmont discuss Post deal
Major North American gold producers and Carlin Trend neighbors Newmont Mining (NYSE) and American Barrick Resources (TSE) are talking again, but not about a corporate merger. Newmont Chairman Gordon P…
PRODUCER PRICES (January 20, 1992)
ALUMINUM: MW U.S. market US51.25-51.75 cents per lb. (Jan. 2, 1992). ANTIMONY: New York dealer US82-84 cents per lb. (Aug. 8, 1991). BISMUTH: New York dealer US$3.10-3.20 per lb. (Sep. 26, 1991). CADM…
New Golden looks at foreign projects
New Golden Sceptre Minerals (VSE) says it is negotiating two joint venture agreements overseas. One involves mining of a modest gold deposit in South America, while the other covers oil exploration an…
Stepout drilling expands Kemess reserves
Stepout drilling on the South Kemess property in north-central British Columbia during 1991 added significant reserves to what was already a large copper-gold deposit. A preliminary estimate of reserv…
Financing deal clears way for Louvicourt development
Toronto-based Aur Resources (TSE) has set the stage for rapid development of the Louvicourt Twp. base metal deposit after cutting a financing deal with Vancouver majors Teck (TSE) and Cominco (TSE). A…
Cameco, Glamis on TSE 300, Dickenson dropped from index
Mining companies continue to suffer the effects of weak metal prices and the economic downturn, as indicated by The Toronto Stock Exchange’s decision to drop six issues from its composite 300 index, F…
Changing nature of mine fill
Water-borne sand has been used as an underground fill for more than 60 years. These early applications were generally for unusual circumstances where it was required to mine pillars or to stabilize gr…
Bema debenture extended 2 years
A convertible debenture issued in 1990 by Bema Gold (TSE) and due Jan. 29, 1992, has been extended two years. Under the new terms, the US$1.625-million debenture carries an interest rate of 8% and is …
Golden Lake funds
20Golden Lake Resources (VSE) says it has arranged, subject to regulatory approval, a private placement of 500,000 shares at 35 cents per share for total proceeds of $175,000. The deal includes non-tr…